Under the new rules you have to keep a minimum of 400K in your account all year.

If not you will loose your extension.

Even if one wishes to fully comply with this new requirement, I think that there are a number of unforseen events that might result in an expat having to draw down on his 400K and thus loose his extension.

I can think of the following off the top of my head. Please list any you might think of:

 

1. Road accident. This is the huge elephant in the room. 

2. Sudden illness such as heart attack

3. Account robbed by crooked bank staff or atm skimmers

4. Legal fees, because of 1. above or other circumstances including business disputes

5. Flash crash or other correction in currencies pair relative to the Baht (for those of us who use FCD account balances for our extensions)

6. Victim of violence and subsequent medical bills

7. Home burglary or vehicle theft

8. Extortion

 

Well I was feeling relaxed until you came along!

[emoji23]

Well I was feeling relaxed until you came along!

Sent from my SM-G920F using Thailand Forum - Thaivisa mobile app

OP you are just scaremongering, for what reason?

Number 1 on your list.... Well i had a serious road accident 5 years ago still here on retirement ext.

On 2/1/2019 at 12:53 AM, Khaeng Mak said:

Please list any you might think of:

asteroid hitting the earth.

communist Chinese and Russian first strike on USA and NATO.

Total and complete worldwide economic collapse.

Global pandemic.

Zombie Apocalypse.

I spend all my money on Soi 6 in Pattaya.

but don't sensible expats that retire here plan for contingency events?  The requirement for 800K and 400K is a 'minimum requirement', for the purposes of Immigration. it surely doesn't mean that it is all you need to have available to cater for unforeseen situations. 

1,2,6,7 can be covered with adequate insurance.

5 can be covered by depositing the money in THB

 

About the rest, then you should also be worried what @NCC1701A wrote (except Soi6 ???? )

 

10 minutes ago, NCC1701A said:

asteroid hitting the earth.

communist Chinese and Russian first strike on USA and NATO.

Total and complete worldwide economi collapse.

Global pandemic.

Zombie Apocalypse.

I spend all my money on Soi 6 in Pattaya.

 

Edited February 2, 20197 yr by MJCM

7 minutes ago, NCC1701A said:

asteroid hitting the earth.

communist Chinese and Russian first strike on USA and NATO.

Total and complete worldwide economic collapse.

Global pandemic.

Zombie Apocalypse.

I spend all my money on Soi 6 in Pattaya.

You missed the worst and all too common nowadays, being mauled by your neighbours hamster or budgie, or god forbid, both of them at the same time.

6 minutes ago, MJCM said:

1,2,6,7 can be covered with adequate insurance.

Many people think so, but there are in reality many cases for which insurances will refuse to pay. A frequent one is a road accident when the driver is drunk or under drugs... Depends of course of Your insurance, but many people got very bad surprises (big bills) after such accidents...

Just the beginning buddy - the clever ones get out now or prepare to leave and the rest will try to sell their business, car, condo when its too late

9. Someone steals my mattress.

25 minutes ago, NCC1701A said:

asteroid hitting the earth.

communist Chinese and Russian first strike on USA and NATO.

Total and complete worldwide economic collapse.

Global pandemic.

Zombie Apocalypse.

I spend all my money on Soi 6 in Pattaya.

oh I forgot one more, Skynet becomes self-aware.   

10.  Big Joke makes another random decision that makes all of your preparations invalid.

11 minutes ago, Pattaya46 said:

Many people think so, but there are in reality many cases for which insurances will refuse to pay. A frequent one is a road accident when the driver is drunk or under drugs... Depends of course of Your insurance, but many people got very bad surprises (big bills) after such accidents...

I've decided now to wear bike leathers and a full face helmet in the car and tie on mattresses front rear and sides of the car ( holes cut for lights etc ) 

I really didn't think the world was such a dangerous place.

12 minutes ago, Pattaya46 said:

Many people think so, but there are in reality many cases for which insurances will refuse to pay. A frequent one is a road accident when the driver is drunk or under drugs... Depends of course of Your insurance, but many people got very bad surprises (big bills) after such accidents...

Question for you: Which Insurance DOES pay out when a DRUNK driver gets into an accident ???

28 minutes ago, NCC1701A said:

asteroid hitting the earth.

communist Chinese and Russian first strike on USA and NATO.

Total and complete worldwide economic collapse.

Global pandemic.

Zombie Apocalypse.

I spend all my money on Soi 6 in Pattaya.

Item 6 is not an outside risk????????????

4 minutes ago, NCC1701A said:

oh I forgot one more, Skynet becomes self-aware.   

Psst. It's at 10am but I forget the date. 

3 minutes ago, Kalasin Jo said:

Item 6 is not an outside risk????????????

yes but the most likely.

People think I spend hours in my garage working on my car,

Hahahaha. My Titanium and Graphene suit is almost finished.

YOU FOOLS YOU FOOLS

AHAHAHA.

On ‎1‎/‎31‎/‎2019 at 5:53 PM, Khaeng Mak said:

1. Road accident. This is the huge elephant in the room. 

2. Sudden illness such as heart attack

3. Account robbed by crooked bank staff or atm skimmers

4. Legal fees, because of 1. above or other circumstances including business disputes

5. Flash crash or other correction in currencies pair relative to the Baht (for those of us who use FCD account balances for our extensions)

6. Victim of violence and subsequent medical bills

7. Home burglary or vehicle theft

8. Extortion

I have considerably more contingency money in the UK than the 800k in a Thai bank account. I would draw down on that, so no need to dip into my visa fund for any of the above.

 

I'm much more worried about Trump's little spat with Kim Jong Un or China, resulting in the Far East and S.E. Asia being turned into a nuclear wasteland. And most of the US of course.

15 minutes ago, newatthis said:

9. Someone steals my mattress.

Ah, you were the neighbour.

Lets stop calling in a "retirement" visa, its a 1 yr visa for people over 50 who can prove they have some money. You fall on hard times, too bad, move along retiree

 

The elephant in the room / #1 risk for anyone who is truly planning on retirement here is crystal clear, Thailand is not a democracy and the rules can (and will) change overtime with no public debate or consensus. Falangs are another industry to be regulated and the less foothold anyone has in Thailand, the better

 

3 minutes ago, 555mike said:

Lets stop calling in a "retirement" visa, its a 1 yr visa for people over 50 who can prove they have some money. You fall on hard times, too bad, move along retiree

 

The elephant in the room / #1 risk for anyone who is truly planning on retirement here is crystal clear, Thailand is not a democracy and the rules can (and will) change overtime with no public debate or consensus. Falangs are another industry to be regulated and the less foothold anyone has in Thailand, the better

 

To be pedantic it's an extension of stay not a visa. ????????

I'm sorry Sir,

But the dog ate my application paper work at the weekend.

thats why i couldn't hand it in on time.  

 

Edited February 2, 20197 yr by stanleycoin

50 minutes ago, Wallander4 said:

Just the beginning buddy - the clever ones get out now or prepare to leave and the rest will try to sell their business, car, condo when its too late

clever ones have money

I spend all my money on Soi 6 in Pattaya.

 

Tenuously linked to this thread, but many years ago I spent all my money on hookers in Amsterdam and had to sneak out of my hotel without paying the bill......  (I called the hotel once I was over the border and sent through the payment).

34 minutes ago, overherebc said:

To be pedantic it's an extension of stay not a visa. ????????

when you retire, you get a visa, so its correct name is retirement visa. To be pedantic, if your visa expires or you never had one, then it cant be extended, if something is gone, no longer, all wise men know you cant extend  something that no longer exists.Because Thais dont know correct english,no need  for you to follow suit. Again, sorry to be pedantic . The visa in my passport is stamped RETIREMENT, when you get one, have a good look at it.

Edited February 2, 20197 yr by indepth

17 minutes ago, stanleycoin said:

I'm sorry Sir,

But the dog ate my application paper work at the weekend.

thats why i couldn't hand it in on time.  

 

Stupid boy!

Cpl Jones! take him home please and tell his Mum.

2 minutes ago, indepth said:

when you retire, you get a visa, so its correct name is retirement visa.

But you could still be working (in another country), so you can get a "retirement visa" without actually retiring.

 

3 minutes ago, indepth said:

To be pedantic, if your visa expires or you never had one, then it cant be extended, if something is gone, no longer, all wise men know you cant extend  something that no longer exists.

The visa expires (gets "used"), but gives you a permission of stay, this permission of stay can be extended. Not the visa itself is extended ????

I got mugged in the police station by a lady boy.

Money gone, no Hab now. 

 

 

Edited February 2, 20197 yr by stanleycoin